Balder's [6] model of games with a measure space of players is integrated with the line of research on finite-player games with discontinuous payoff functions which follows Reny [47]. Specifically, we extend the notion of continuous security, introduced by McLennan, Monteiro & Tourky [38] and...

This paper demonstrates the theoretical foundation that underlies the willingness of rational arbitrageurs to delay and reinforce the speculative attack. The key assumptions are that there is a small probability that arbitrageurs are behavioral and never time the market of their own accord and...